A company's current assets were $17,980, its quick assets were $11,420 and its current liabilities were $12,190. Its quick ratio equals:
A) 0.94.
B) 1.07.
C) 1.48.
D) 1.57.
E) 2.40.
Correct Answer:
Verified
Q61: The quick assets are defined as:
A) Cash,
Q62: The following statements regarding merchandise inventory are
Q64: The following statements are regarding the operating
Q65: ABC Corporation's total quick assets were $5,888,000,
Q67: Cost of goods sold:
A) Is another term
Q68: Liquidity problems are likely to exist when
Q69: A company had sales of $695,000 and
Q70: Beginning inventory plus net purchases is:
A) Cost
Q71: A merchandising company:
A) Earns net income by
Q80: Delivery expense is reported as part of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents